The price of gold jumped to a record high in the UK last week as global precious metal markets rose amid economic and political uncertainty, writes Alex Capon.
The weakening dollar, tensions in US-China relations and the growing concerns about the impact of the global pandemic led investors to seek a traditional safe haven.
On Monday, July 27, the gold fix reached £1511.30, an all-time high and a 28% increase on the rate at the start of the year.